VANMECO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VANMECO
Largest movements
- Cash +€58,352
new in 2025: €58,352
- Tangible fixed assets -€12,300
down €12,300 (-4.0%), from €304,774 to €292,474
- Accrued charges and deferred income +€73,500
new in 2025: €73,500
- Debts after one year -€19,052
down €19,052 (-12.2%), from €155,831 to €136,778
- Current portion of long-term debt -€9,026
down €9,026 (-32.7%), from €27,625 to €18,599
- Gross operating margin +€6,099
up €6,099 (+45.5%), from €13,413 to €19,513
- Financial charges +€390
up €390 (+9.7%), from €4,006 to €4,396
- Other operating charges +€342
up €342 (+19.7%), from €1,735 to €2,077
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,774 | €350,826 | +€46,052 | +15.1% |
| Fixed assets | 21/28 | €304,774 | €292,474 | -€12,300 | -4.0% |
| Tangible fixed assets | 22/27 | €304,774 | €292,474 | -€12,300 | -4.0% |
| Land and buildings | 22 | €304,774 | €292,474 | -€12,300 | -4.0% |
| Current assets | 29/58 | - | €58,352 | +€58,352 | |
| Cash at bank and in hand | 54/58 | - | €58,352 | +€58,352 | |
| Total equity and liabilities | 10/49 | €304,774 | €350,826 | +€46,052 | +15.1% |
| Equity | 10/15 | €5,527 | €6,267 | +€740 | +13.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €4,513 | €4,513 | = | 0.0% |
| Non-distributable reserves | 130/1 | €545 | - | -€545 | |
| Reserves not available under the articles | 1311 | €545 | - | -€545 | |
| Distributable reserves | 133 | €3,969 | €4,513 | +€545 | +13.7% |
| Profit (loss) carried forward | 14 | -€5,986 | -€5,247 | +€740 | +12.4% |
| Amounts payable | 17/49 | €299,247 | €344,560 | +€45,312 | +15.1% |
| Amounts payable after more than one year | 17 | €155,831 | €136,778 | -€19,052 | -12.2% |
| Financial debts | 170/4 | €155,831 | €136,778 | -€19,052 | -12.2% |
| Amounts payable within one year | 42/48 | €143,416 | €134,281 | -€9,135 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €27,625 | €18,599 | -€9,026 | -32.7% |
| Financial debts | 43 | €163 | - | -€163 | |
| Credit institutions | 430/8 | €163 | - | -€163 | |
| Trade debts | 44 | €1,735 | €1,789 | +€55 | +3.1% |
| Suppliers | 440/4 | €1,735 | €1,789 | +€55 | +3.1% |
| Other amounts payable | 47/48 | €113,893 | €113,893 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €73,500 | +€73,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,300 | €12,300 | = | 0.0% |
| Other operating charges | 640/8 | €1,735 | €2,077 | +€342 | +19.7% |
| Gross operating margin | 9900 | €13,413 | €19,513 | +€6,099 | +45.5% |
| Operating profit (loss) | 9901 | -€621 | €5,136 | +€5,757 | |
| Financial charges | 65/66B | €4,006 | €4,396 | +€390 | +9.7% |
| Recurring financial charges | 65 | €4,006 | €4,396 | +€390 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,628 | €740 | +€5,367 | |
| Profit (loss) for the period | 9904 | -€4,628 | €740 | +€5,367 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,628 | €740 | +€5,367 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.